POSCO (PKX)

[frenchee]

South Korea's Posco is one of the world's most profitable steelmakers. It produces 28 million tons of steel products per year, enough to manufacture 100,000 compact cars, and exports its steel products to more than 60 countries.

Posco's stock is now trading at about $136, down from its record of $201. That's nearly a 33% drop.

Some say Posco's earnings will suffer since iron ore prices are headed much higher. That would increase the cost of producing steel. But Posco is probably going to be able to pass much of those cost increases on to the end user. So I suggest looking at this one.